2024-01-21 13:00:54
Investing.com – In anticipation of the start of the Brazilian earnings season, investors are following the repercussions of financial data from giants in the American market. Next week, it will be the turn of the electric vehicle manufacturer Tesla and the streaming service Netflix to report their data for the fourth quarter of 2023. The market will still evaluate economic data such as the preview of inflation in Brazil, American economic activity and the indicator preferred method for assessing inflation.
Global economic calendar
Japanese monetary policy will be defined on Monday, with a possible change in negative rates, today at 0.10%, while the European Central Bank (ECB) may indicate on Thursday whether the reversal to lower interest rates will soon begin, today at 4. 5%.
The American Gross Domestic Product () for the fourth quarter will be known on Thursday, as will the PCE prices for the period. The United States economy grew 4.9% at an annualized rate in the third quarter of this year and economists are awaiting data from the last quarter of the year to be sure that there would be a soft landing process, that is, a disinflation process without occurring a recession.
Source: Investing.com
Thomas Monteiro, analyst at Investing.comassesses that even if fourth quarter GDP numbers are expected to fall to between 1.8% and 1.9%, marking a significant decrease from the third quarter’s robust 4.9% growth, these numbers would still portray a very resilient US economy.
Source: Investing.com
“This is mainly due to the base effect of a very solid fourth quarter of 2023, in contrast to what happened in the third quarter of 2023, when the economy felt the effects of interest rate increases more deeply. Recent data on retail sales and the manufacturing industry support the fact that the risks to GDP activity are tilted upwards”, says Monteiro.
If the numbers are better than expected, this could send a risk message to markets in the short term, as it would lessen the immediate need for the Fed to move, thus giving Fed Chairman more time to maintain interest rates. higher interest rates, in his view.
“Overall, however, this would only be a short-term hindrance, and as such, investors should not buy into the bad news is good news narrative. A strong economy is positive for corporate profits and, barring a very impressive positive surprise, will not prevent the Fed from changing in the first half of the year’, he adds.
To close the week, the market will turn its eyes to the December Price Index, which will be released on Friday. The PCE is the Federal Reserve’s preferred indicator for assessing consumer prices and setting its monetary policy. The indicator fell 0.1% in November, but the core recorded an increase of 0.1%.
Source: Investing.com
Source: Investing.com
Brazilian economic calendar
The week starts with Monday. On Thursday, Fundação Getulio Vargas releases FGV Consumer Confidence data for the month of January. The market still knows indicators of current transactions and foreign direct investment and, on the same date, a meeting of the National Monetary Council (CMN) takes place.
The focus, however, will be on the preview of inflation. The Brazilian Institute of Geography and Statistics (IBGE) releases the Broad Consumer Price Index 15, o () on Friday. In December, the IPCA-15 showed a positive variation of 0.40%.
Source: InvestingPRO
US earnings season
In the Investing.com Balance Sheet Calendar, you can check the prospects for the balance sheets of big techs and other American companies. The balance sheets start with Netflix (NASDAQ:) on Tuesday, Tesla (NASDAQ:) on Wednesday and continue with Visa (NS:) and Intel (NASDAQ:) on Thursday.
You already know the free features of Investing.com and now you can have access to exclusive data from InvestingPRO!
Get an additional 10% discount in the New Year promotion, which already has prices up to 50% OFF. Use the coupon “INVESTIR” for the annual Pro+ plan or “investirmelhor1” for the 2-year Pro+ plan. Only until January 31st!
#Tesla #Netflix #balance #sheet #IPCA15 #GDP #PCE #Investing.com